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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (161390)10/31/2008 12:27:44 PM
From: neolibRead Replies (1) | Respond to of 306849
 
Forget that error, just explain your odd claim that someone who is self employed and in the 28% tax bracket only pays 73% of the 15.3% FICA tax. That is the math I would like to see. Still waiting...



To: GraceZ who wrote (161390)11/2/2008 10:17:55 AM
From: Dan3Respond to of 306849
 
Re: which makes the share of total taxes paid for that bottom half closer to 12% not 5%.

Now just add in the statistics on the percentage of wealth and income available to the bottom half with which to pay those taxes, and you'll be presenting an honest picture of the relative tax burden.

A little reflection on how much wealth and income are needed to avoid starvation and competing for living space under bridges and in culverts might be worthwhile, too.


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